Economics II - RE-SIT EXAM

Description

Introduction: The main purpose is to give students insight into how key economic questions can be studied using theory. Key topics are (i) Market failure and issues related to environmental externalities; (ii) Public sector’s role; (iii) Effects of international trade; (iv) The Oil sectors’ effect on industry composition; and (v) Economic growth and inequality. Course content: Externalities - Imperfect information - Environmental economics - Tax and subsidy - Public sector - Welfare effects of international trade - Effects of tolls - Comparative advantage - Effects of spending out of natural resource revenue - Growth and standards of living - Economic inequality Learning outcomes - Knowledge: After taking this course the students should: - Have knowledge of how an unregulated economy can give rise to inefficient resource allocation through externalities and limited information. - Know what efforts that may be implemented to improve the resource allocation in such economies. - Have knowledge about why we have a public sector and its effect on the economy - Attain an understanding of the benefits of international trade - Attain knowledge of how economic gains from natural resources can affect the composition of industry - Understand key drivers of economic growth and income inequality Learning outcomes - Skills: After taking this course students should be able to: - - Analyze economic issues using both textual, graphical and mathematical argumentation. - - Account for situations with inefficient resource allocation and discussion government interventions to improve it - - Account for the role of the public sector - - Understand how trade between countries can be beneficial - - Understand how natural resource revenue affects Norwegian politics on oil - - Understand the drivers of economic growth and inequality. General Competence: The students will develop their toolbox for economic analysis by studying key economic questions. They will also attain an awareness of fundamental welfare issues relevant in today’s society. Teaching and learning activities: The course is conducted with a combination of lectures via videos and assignment review in plenary. Software tools: No specified computer-based tools are required. Qualifications: Higher Education Entrance Qualification Disclaimer Deviations in teaching and exams may occur if external conditions or unforeseen events call for this. Required prerequisite knowledge: SØK 3442 Samfunnsøkonomi Assessments: Assessments Exam category: School Exam Form of assessment: Written School Exam - pen and paper Exam/hand-in semester: First Semester Weight: 100 Grouping: Individual Support materials: - BI-approved exam calculator - Simple calculator Duration: 3 Hour(s) Exam code: ELE 37821 Grading scale: ECTS Resit: Examination every semester Type of assessment: Ordinary examination Total weight: 100 Student workload: Activity Duration Comment Teaching 36 Hour(s) The teaching is delivered as videos Feedback activities and counselling 6 Hour(s) Plenary assignment review Student's own work with learning resources 128 Hour(s) Group work / Assignments 27 Hour(s) Examination 3 Hour(s) Sum workload: 200 Incoming exchange students at BI Norwegian Business School select courses from BI's official semester-specific exchange course lists. BI defines a full semester as 30 ECTS; bachelor courses are typically 7.5 ECTS each (4 per semester) and master courses are typically 6 ECTS each (5 per semester). Course availability, prerequisites, and timetabling are confirmed via BI's International Office and the Learning Agreement process.